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New York Institute Of English And Business Inc

Institute Of Business Technology

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.82M (2023)

Expenses
$1.8M (2023)

Total Assets
$3.39M (2023)

Total Liabilities
$2.8M (2023)

Years with missing data
Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,815,545
Expenses
$1,800,322
Net Income
$15,223
Net Assets
$591,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,815,545
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,350
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $730,310
40.6%
Assets/Debt
Total Assets $3,386,372
Total Liabilities $2,795,151
Net Assets $591,221
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Kolaczko (President Director) $90,343 $0 $0
Alfredo Abubo (Cfo Director) $85,316 $0 $0
Annalorraine Barlaan (Director) $0 $0 $0
Joshua Jayasingh (Director) $0 $0 $0
Ihor Nemy (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,823,134
Expenses
$1,767,828
Net Income
$55,306
Net Assets
$542,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,823,134
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $190,738
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $633,812
35.9%
Assets/Debt
Total Assets $1,313,531
Total Liabilities $770,995
Net Assets $542,536
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Kolaczko (President/Director) $90,342 $0 $0
Alfredo Abubo (Chief Financial Officer/Director) $86,330 $0 $0
Annalorraine Barlaan (Director) $0 $0 $0
Ihor Nemy (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,962,521
Expenses
$1,908,454
Net Income
$54,067
Net Assets
$487,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,962,521
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $201,460
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $737,933
38.7%
Assets/Debt
Total Assets $1,015,882
Total Liabilities $528,652
Net Assets $487,230

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,881,136
Expenses
$1,738,928
Net Income
$142,208
Net Assets
$383,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,881,136
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $183,435
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $698,864
40.2%
Assets/Debt
Total Assets $660,881
Total Liabilities $277,718
Net Assets $383,163

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,888,840
Expenses
$1,671,676
Net Income
$217,164
Net Assets
$290,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,888,840
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $182,872
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $717,164
42.9%
Assets/Debt
Total Assets $694,557
Total Liabilities $403,602
Net Assets $290,955

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,773,088
Expenses
$1,668,366
Net Income
$104,722
Net Assets
$74,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,773,088
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $161,641
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $732,971
43.9%
Assets/Debt
Total Assets $304,078
Total Liabilities $229,927
Net Assets $74,151

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,703,731
Expenses
$1,642,881
Net Income
$60,850
Net Assets
-$215,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,703,731
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $157,708
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $755,953
46.0%
Assets/Debt
Total Assets $448,958
Total Liabilities $664,617
Net Assets -$215,659

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,701,472
Expenses
$1,582,605
Net Income
$118,867
Net Assets
-$276,509
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,701,472
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,016
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $683,765
43.2%
Assets/Debt
Total Assets $542,292
Total Liabilities $818,801
Net Assets -$276,509

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,433,931
Expenses
$1,371,604
Net Income
$62,327
Net Assets
-$395,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,433,931
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,200
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $623,228
45.4%
Assets/Debt
Total Assets $424,482
Total Liabilities $819,858
Net Assets -$395,376

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,688,587
Expenses
$1,501,795
Net Income
$186,792
Net Assets
-$2,071,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,688,587
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,000
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $704,685
46.9%
Assets/Debt
Total Assets $402,597
Total Liabilities $2,473,965
Net Assets -$2,071,368

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,983,099
Expenses
$3,071,897
Net Income
-$88,798
Net Assets
-$2,258,160
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,983,099
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,800
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,521,680
49.5%
Assets/Debt
Total Assets $546,230
Total Liabilities $2,804,390
Net Assets -$2,258,160

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,292,479
Expenses
$3,781,749
Net Income
$510,730
Net Assets
-$2,169,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $288,669
6.7%
Program Services $4,000,514
93.2%
Investment Income $3,296
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $350,350
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,660,335
43.9%
Assets/Debt
Total Assets $1,058,705
Total Liabilities $3,228,067
Net Assets -$2,169,362

Document Links

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,320,043
Expenses
$3,579,416
Net Income
-$259,373
Net Assets
-$2,680,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,320,043
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $393,250
11.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,560,501
43.6%
Assets/Debt
Total Assets $1,187,662
Total Liabilities $3,867,754
Net Assets -$2,680,092

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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